Searches And Hires
The retirement plan will conduct an invitation-only search for its discretionary private equity portfolio services.
The plans previously worked with bundled provider MissionSquare Retirement.
The retirement association also recently committed $205 million across six new funds.
The retirement system’s current manager was first hired in 2022 following a similar RFP process.
The retirement fund’s trustees asked for more information before hiring one firm as the primary consultant and a second for carve-out services following finalist interviews at today’s investment committee meeting.
The agency will be responsible for managing portfolios totaling more than $2.7 billion.
The deferred compensation plan received five proposals in response to an RFP issued in March.
The fund is seeking financial service firms with bookkeeping, accounting, strategic financial advisory and accounting experience as it looks for the firm to provide strategic input on investment decisions, capital deployment timing and organizational growth projections.
A university based in the Midwest has launched a search for an investment advisor for its defined contribution plans.
The organization revised the asset allocation for its Balanced Pooled Fund in the fourth quarter, removing its diversifying strategies allocations to increase real estate and real assets.
